BNB has increased only because of the hype of IEO, currently BNB has decreased dramatically and in my opinion it is impossible if BNB is become Next Bitcoin, even BNB will be very difficult to compete with top 3 alt.
there will be no coins that can defeat or replace bitcoin I guarantee it.
IEO is only one of the things that made BNB prices go up this year, but it really has an effect on BNB prices. if the development of IEO in binance is very good, and always shows satisfying results, then the price of BNB will definitely continue to grow. Until now, I still believe that BNB is one of the assets that is sufficient to provide benefits in the future.
however, I don't feel that BNB is bigger than bitcoin. even though currently binance has its own dex, but I feel that binance also cannot exceed ETH. bitcoin is spread throughout the cryptocurrency world, and its use is also widespread. whereas BNB's benefits will really be felt only when using binance. I feel that way.